Bitcoin Technical Analysis : BTC/USD 8 March 2022

Bitcoin Technical Analysis : BTCUSD

Date : 8 March 2022

Pivot point : 37420

Our preference : rise to 40640.

Alternative scenario : below 37420, expect 36280 and 35600.

Comment : the RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 38195 and 38319).

Supports and resistances :

41320 **
40640 *
39960
38357 – Last price
37420
36280 *
35600 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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